Archive for the tag “oil crash”

News update

Climate change a threat to security, food and humankind IPCC report
The report from the UNs intergovernmental panel on climate change concluded that climate change was already having effects in real time – melting sea ice and thawing permafrost in the Arctic, killing off coral reefs in the oceans, and leading to heat waves, heavy rains and mega-disasters. And the worst was yet to come. Climate change posed a threat to global food stocks, and to human security, the blockbuster report said. “Nobody on this planet is going to be untouched by the impacts of climate change,” said Rajendra Pachauri, chair of the IPCC. Visit the IPCC website to download the report: Climate Change 2014: Impacts, Adaptation, and Vulnerability
From The Guardian

UN: 13 of 14 warmest years on record were in 21st century
The World Meteorological Organisation (WMO) has revealed that 2001-2010 was the warmest decade on record, while 13 of the 14 warmest years in recorded history have occurred in the 21st century.
From Chimalaya.org

European activists call for law on ecocide
Until we have a law to prosecute those who destroy the planet, corporations will never be called to account for their crimes. ‘End Ecocide in Europe’ is a European Citizens’ Initiative aimed at establishing a new crime within the European Union and beyond: Ecocide. Ecocide is defined as the “extensive damage to, destruction of or loss of ecosystems of a given territory”. Their objective is to raise awareness on the law of ecocide and collect at least 1 million signatures in support of the European Citizens’ Initiative ‘End Ecocide in Europe’ (website).
From The Guardian

Global market shock from oil crash could hit in 2015
In a new book, former oil geologist and government adviser on renewable energy, Dr. Jeremy Leggett, identifies five global systemic risks directly connected to energy which, he says, together threaten capital markets and hence the global economy in a way that could trigger a global crash sometime between 2015 and 2020. According to Leggett, a wide range of experts and insiders from diverse sectors spanning academia, industry, the military and the oil industry itself, including until recently the International Energy Agency or, at least, key individuals or factions therein are expecting an oil crunch within a few years, most likely within a window from 2015 to 2020.
From The Guardian

Iraq invasion was about oil
Maximising Persian Gulf oil flows to avert a potential global energy crisis motivated Iraq War planners not WMD or democracy. We passed the 11th anniversary of the 2003 Iraq War yet to this day, few media reflections on the conflict accurately explore the extent to which opening up Persian Gulf energy resources to the world economy was a prime driver behind the Anglo-American invasion.
From The Guardian

A Star In A Bottle
Years from now, the most complex machine ever built will be switched on in an Alpine forest in the South of France. The machine, called the International Thermonuclear Experimental Reactor, or ITER, will stand a hundred feet tall, and it will weigh twenty-three thousand tons—more than twice the weight of the Eiffel Tower. Thirty-five countries, representing more than half the world’s population, are invested in the project. Stefano Chiocchio, head of design integration—its chief puzzle master-who effectively runs the project, had started his career in nuclear fission, his interest emerging out of dire predictions about peak oil. “There was this story of limited growth, how the planet would be affected by its lack of resources, and I thought nuclear energy would help solve this.” His audacious plan to create a new energy source could save the planet from catastrophe. But time is running out.
From The New Yorker

Fisheries and Aquaculture Fact Sheet
Seafood plays a vital role in world food security. Roughly 3 billion people get about 20 percent of their animal protein from fishery products. The world fish catch is a measure of the productivity and health of the oceanic ecosystem that covers 70 percent of the earths surface. The extent to which world demand for seafood is outrunning the sustainable yield of fisheries can be seen in shrinking fish stocks, declining catches, and collapsing fisheries.
From Earth Policy Institute

 

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